GSAT Trade on Jun 21, 2021 12:06 from metp2202: Tradervue User Stock Trades.

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Shared by
metp2202

 

Shares traded: 220000
Closed Gross P&L: $-666.00

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No news mean reversion

Really bad read/ poor management on my end. This was another mean reversion trade, no news ticker with a pretty big order flow, I was using the 1 min chart and the tape to guide my execs and got short on the break of 1.62 anticipating the break of 1.6. I think that a lower high was to be expected, my avg was fine at 1.615 but because I took so many losses earlier, I was just not willing to take a bad trade and as a result I puked for loss at 1.62 ish. I repeated the same mistake 3 times and ended up down 666 bucks. Pathetic trading. the right way to trade this ticker was to get involve at 1.62 like I did, use 1.63-1.63 as a stop and add on the way down as we are making lower highs trailing my stop. Learn from the mistake and don't to it again...


Execution detail:

Date/time Symbol Qty Price Position
2021-06-21 12:06:11 GSAT -15000 $1.621 -15000
2021-06-21 12:07:00 GSAT -15000 $1.611 -30000
2021-06-21 12:09:45 GSAT 30000 $1.620 0
2021-06-21 12:10:52 GSAT -30000 $1.600 -30000
2021-06-21 12:11:52 GSAT 30000 $1.610 0
2021-06-21 12:17:01 GSAT -21360 $1.590 -21360
2021-06-21 12:17:01 GSAT -8640 $1.590 -30000
2021-06-21 12:18:17 GSAT 30000 $1.600 0
2021-06-21 12:19:52 GSAT -20000 $1.590 -20000
2021-06-21 12:24:52 GSAT 100 $1.585 -19900
2021-06-21 12:24:52 GSAT 300 $1.585 -19600
2021-06-21 12:24:52 GSAT 200 $1.585 -19400
2021-06-21 12:24:52 GSAT 200 $1.585 -19200
2021-06-21 12:24:52 GSAT 100 $1.585 -19100
2021-06-21 12:24:52 GSAT 100 $1.585 -19000
2021-06-21 12:24:52 GSAT 19000 $1.588 0


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